Jan
20
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat reports.
According to Zacks, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
An institutional investor recently bought a new position in Grupo Financiero Galicia stock. EQIS Capital Management bought a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,588 shares of the company’s stock, valued at approximately $260,000.
Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 24.59 on Wednesday. The firm has a market cap of $3.20 billion and a P/E ratio of 10.66. Grupo Financiero Galicia has a one year low of $15.30 and a one year high of $29.25. The firm has a 50-day moving average price of $25.25 and a 200 day moving average price of $22.09.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.
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